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5h ago

Tata Capital Sets Rs 310–326 Price Band as Anchor Investors Commit Rs 4,642 Crore

The offering advances an RBI requirement for upper-layer NBFCs and funds a Tier-1 capital boost to support lending growth.

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Tata Capital IPO GMP Today
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Overview

  • The book-built IPO totals about Rs 15,512 crore, comprising a fresh issue of 21 crore shares and an offer-for-sale of roughly 26.6 crore shares by Tata Sons and IFC.
  • Public subscription runs Oct 6–8, with allotment expected Oct 9, demat credits and refunds on Oct 10, and a planned listing on the BSE and NSE on Oct 13.
  • Tata Capital allotted 14.24 crore shares to 135 anchor investors at Rs 326, with participants including LIC, Morgan Stanley, Goldman Sachs, Nomura, Government Pension Fund Global, and major domestic mutual funds.
  • Proceeds from the fresh issue will augment Tier-1 capital for future requirements including onward lending, and management indicated capital adequacy could be around 22% post-IPO.
  • Ahead of the launch, Tata Capital highlighted growth in cleantech financing and deployment of GenAI in underwriting, reported FY25 PAT of Rs 3,655 crore on revenue of Rs 28,313 crore, and saw market interest signaled by a speculative Rs 20 grey market premium and a sharp rally in Tata Investment Corporation shares.